Market Size of LA Data Center Cooling Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 0.00 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Latin America Data Center Cooling Market Analysis
- Latin America has more than 10% of the total internet users in the world. This has been growing for some years because of the increasing use of smartphones, tablets, laptops, etc. Due to this increase in internet use, big companies in the software and the internet started opening data centers in this region.
- Little attention has been given so far to the cost of energy used by different IT systems. But with the rising energy costs, enterprises are looking towards those solutions which can help them save some dollars. The demand for such systems is on the rise and has become one of the driving factors behind the decisions regarding deploying new technologies.
- To meet the requirements of the customers, IT organizations are deploying new applications. This is leading to space, power, and cooling shortage. These issues have led many organizations to realize data center costs are now a part of their limited budget. To take full advantage of their systems, they need to spend effectively and in those technologies which increase the lifespan of the data center as well as the business agility.
- Datacenter cooling is a primary target for energy efficiency improvements-these help in bringing down costs related to data centers' energy consumption. Companies are now working towards new cooling technologies as well as refining the old ones. Some of the cooling technologies which are being used at present are chillers, air conditioners, economizers, and hot huts. With data centers being one of the contributors to greenhouse gas emissions, green data centers are gaining traction. These data center cooling systems maximize energy efficiency and minimize environmental impact.
- Skanska is one of the companies that has developed eOPTI-TRAX, a new data center cooling technology that can reduce the expenditure incurred in these cooling systems. As the demand for data centers grows, there will be a need for more effective cooling solutions. Though there are some major players like IBM, Schneider Electric, and HP present in the Data Center cooling market, some other vendors like Skanska are challenging the status quo with their superior solutions.
